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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2022
Mar. 31, 2021
Sales, net $ 15,634 $ 17,072 $ 42,979 $ 46,501
Cost of sales 13,652 14,411 37,823 39,293
Gross profit 1,982 2,661 5,156 7,208
Selling and administrative expenses 990 942 2,849 2,736
Operating income 992 1,719 2,307 4,472
Other income (expense), net        
Interest expense (30) (58) (104) (213)
Realized gain on sale of investment in iBio Stock 0 0 0 56
Unrealized (loss) gain on investments (6) 22 (48) (51)
Other income, net 4 23 35 39
Other income (expense), net (32) (13) (117) (169)
Income before income taxes 960 1,706 2,190 4,303
Income tax (expense) benefit, net (163) (465) 154 (797)
Net income $ 797 $ 1,241 $ 2,344 $ 3,506
Basic earnings per common share (in dollars per share) $ 0.03 $ 0.04 $ 0.08 $ 0.12
Diluted earnings per common share (in dollars per share) $ 0.03 $ 0.04 $ 0.07 $ 0.11
Weighted average common shares outstanding - basic (in shares) 29,821,138 29,709,992 29,826,321 29,671,251
Add: Equivalent shares outstanding (in shares) 2,539,260 3,153,640 2,587,508 2,774,164
Weighted average common shares outstanding - diluted (in shares) 32,360,398 32,863,632 32,413,829 32,445,415